WebbBart
2023-03-19

Can draw down line with $JPMorgan Chase(JPM)$ or con't Fed borrow but comes at high cost (approx. 5%) & not a LT solution. Must sell assets at some point. So, will approach from this angle...

Cash/AFS/HTM raise $31B (Tang BV now $8.8B p losses)
Sell $85B of loan book at 8% haircut comes = $79B

Not all bank balance sheets are built the same.

$JPMorgan Chase(JPM)$ +3.5% YTD

$Bank of America(BAC)$ -1.0% YTD

$Wells Fargo(WFC)$ +6.9% YTD

$SVB Financial Group(SIVB)$ +16.4% YTD

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